Protalix BioTherapeutics (PLX)


Market Price (11/6/2026): $2.51 | Market Cap: $202.2 MilSector: Health Care | Industry: Biotechnology

Protalix BioTherapeutics (PLX)


Market Price (11/6/2026): $2.51
Market Cap: $202.2 Mil
Sector: Health Care
Industry: Biotechnology

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.2%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -16%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 30%

Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 29%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%

Megatrend and thematic drivers
Megatrends include Precision Medicine, and Biotechnology & Genomics. Themes include Biopharmaceutical R&D, Targeted Therapies, Show more.

Weak multi-year price returns
3Y Excs Rtn is -33%

Key risks
PLX key risks include [1] its heavy reliance on the commercial success of its approved product, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.2%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -16%
2 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 30%
3 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 29%
4 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%
5 Megatrend and thematic drivers
Megatrends include Precision Medicine, and Biotechnology & Genomics. Themes include Biopharmaceutical R&D, Targeted Therapies, Show more.
6 Weak multi-year price returns
3Y Excs Rtn is -33%
7 Key risks
PLX key risks include [1] its heavy reliance on the commercial success of its approved product, Show more.

PLX in ETFs

Weight = PLX's share of each fund

IWM0.01%
IWO0.01%
VTWO0.01%
DFAS0.00%
DFAC0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/1/2026

Protalix BioTherapeutics (PLX) stock has gained about 5% since 7/31/2026 because of the following key factors:

1. Strong Fiscal Q2 2026 Financial Performance. Protalix BioTherapeutics announced its financial results for fiscal Q2 2026 (ended June 30, 2026) on August 12, 2026, reporting earnings per share (EPS) of $0.05 against an estimated -$0.01, representing a 600% surprise. The company also reported revenue of $19.90 million, surpassing the estimated $12.95 million. This beat on both EPS and revenue likely contributed positively to investor sentiment following the announcement.

2. Regulatory Approval for Elfabrio in Brazil. On October 5, 2026, Brazil's health regulatory agency, ANVISA, approved Elfabrio (pegunigalsidase alfa) for long-term enzyme-replacement therapy in adults with confirmed Fabry disease. This regulatory milestone expands the commercial reach of one of Protalix's key approved therapies, building upon its existing approvals in the U.S. and Europe.

Show more
Updated on 11/1/2026

Protalix BioTherapeutics (PLX) stock has gained about 5% since 7/31/2026 because of the following key factors:

1. Strong Fiscal Q2 2026 Financial Performance. Protalix BioTherapeutics announced its financial results for fiscal Q2 2026 (ended June 30, 2026) on August 12, 2026, reporting earnings per share (EPS) of $0.05 against an estimated -$0.01, representing a 600% surprise. The company also reported revenue of $19.90 million, surpassing the estimated $12.95 million. This beat on both EPS and revenue likely contributed positively to investor sentiment following the announcement.

2. Regulatory Approval for Elfabrio in Brazil. On October 5, 2026, Brazil's health regulatory agency, ANVISA, approved Elfabrio (pegunigalsidase alfa) for long-term enzyme-replacement therapy in adults with confirmed Fabry disease. This regulatory milestone expands the commercial reach of one of Protalix's key approved therapies, building upon its existing approvals in the U.S. and Europe.

3. Increased Investor Engagement and Pipeline Updates. Protalix participated in multiple investor conferences in September and October 2026, including the H.C. Wainwright 28th Annual Global Investment Conference and the Morgan Stanley 24th Annual Global Healthcare Conference in mid-September, and the Stifel 2026 Healthcare Conference in November. These engagements allowed management to present corporate overviews, discuss the potential expansion of Elfabrio's dosing options to the United States, and provide updates on pipeline developments like the PRX-115 Phase 2 RELEASE trial, enhancing visibility and investor confidence.

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Stock Movement Drivers

Fundamental Drivers

The 5.9% change in PLX stock from 7/31/2026 to 11/5/2026 was primarily driven by a 17.1% change in the company's Net Income Margin (%).
(LTM values as of)731202611052026Change
Stock Price ($)2.372.515.9%
Change Contribution By: 
Total Revenues ($ Mil)76815.5%
Net Income Margin (%)20.1%23.5%17.1%
P/E Multiple12.310.6-14.1%
Shares Outstanding (Mil)8080-0.2%
Cumulative Contribution5.9%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/5/2026
ReturnCorrelation
PLX5.9% 
Market (SPY)-1.9%27.4%
Sector (XLV)13.8%23.3%

Fundamental Drivers

The 16.7% change in PLX stock from 4/30/2026 to 11/5/2026 was primarily driven by a 52.8% change in the company's Total Revenues ($ Mil).
(LTM values as of)430202611052026Change
Stock Price ($)2.152.5116.7%
Change Contribution By: 
Total Revenues ($ Mil)538152.8%
P/S Multiple3.22.5-23.2%
Shares Outstanding (Mil)8080-0.6%
Cumulative Contribution16.7%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/5/2026
ReturnCorrelation
PLX16.7% 
Market (SPY)2.3%25.4%
Sector (XLV)27.2%15.9%

Fundamental Drivers

The 5.9% change in PLX stock from 10/31/2025 to 11/5/2026 was primarily driven by a 132.0% change in the company's Net Income Margin (%).
(LTM values as of)1031202511052026Change
Stock Price ($)2.372.515.9%
Change Contribution By: 
Total Revenues ($ Mil)628130.1%
Net Income Margin (%)10.1%23.5%132.0%
P/E Multiple29.710.6-64.3%
Shares Outstanding (Mil)7980-1.7%
Cumulative Contribution5.9%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/5/2026
ReturnCorrelation
PLX5.9% 
Market (SPY)8.4%27.3%
Sector (XLV)29.8%19.8%

Fundamental Drivers

The 50.3% change in PLX stock from 10/31/2023 to 11/5/2026 was primarily driven by a 78.1% change in the company's Net Income Margin (%).
(LTM values as of)1031202311052026Change
Stock Price ($)1.672.5150.3%
Change Contribution By: 
Total Revenues ($ Mil)678119.5%
Net Income Margin (%)13.2%23.5%78.1%
P/E Multiple12.610.6-15.9%
Shares Outstanding (Mil)6780-16.0%
Cumulative Contribution50.3%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/5/2026
ReturnCorrelation
PLX50.3% 
Market (SPY)81.3%19.7%
Sector (XLV)55.5%17.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
PLX Return-77%65%30%6%-4%39%-31%
Peers Return-31%-25%-27%-0%14%10%-52%
S&P 500 Return27%-19%24%23%16%12%105%

Monthly Win Rates [3]
PLX Win Rate25%58%58%50%58%55% 
Peers Win Rate36%42%44%42%58%45% 
S&P 500 Win Rate75%42%67%75%67%45% 

Max Drawdowns [4]
PLX Max Drawdown-87%-36%-60%-51%-56%-40% 
Peers Max Drawdown-54%-61%-59%-56%-57%-43% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: AMGN, IBIO, FDMT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/5/2026 (YTD)

How Low Can It Go

EventPLXS&P 500
2025 US Tariff Shock
  % Loss-41.6%-18.8%
  % Gain to Breakeven71.2%23.1%
  Time to Breakeven147 days79 days
2024 Yen Carry Trade Unwind
  % Loss-17.0%-7.8%
  % Gain to Breakeven20.4%8.5%
  Time to Breakeven36 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-10.1%-9.5%
  % Gain to Breakeven11.2%10.5%
  Time to Breakeven20 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-11.0%-24.5%
  % Gain to Breakeven12.3%32.4%
  Time to Breakeven8 days427 days
2020 COVID-19 Crash
  % Loss-46.3%-33.7%
  % Gain to Breakeven86.2%50.9%
  Time to Breakeven39 days140 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-50.0%-3.7%
  % Gain to Breakeven99.9%3.9%
  Time to Breakeven34 days6 days

Compare to AMGN, IBIO, FDMT

In The Past

Protalix BioTherapeutics's stock fell -41.6% during the 2025 US Tariff Shock. Such a loss loss requires a 71.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventPLXS&P 500
2025 US Tariff Shock
  % Loss-41.6%-18.8%
  % Gain to Breakeven71.2%23.1%
  Time to Breakeven147 days79 days
2020 COVID-19 Crash
  % Loss-46.3%-33.7%
  % Gain to Breakeven86.2%50.9%
  Time to Breakeven39 days140 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-50.0%-3.7%
  % Gain to Breakeven99.9%3.9%
  Time to Breakeven34 days6 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-35.4%-17.9%
  % Gain to Breakeven54.8%21.8%
  Time to Breakeven221 days123 days
2008-2009 Global Financial Crisis
  % Loss-70.6%-53.4%
  % Gain to Breakeven239.6%114.4%
  Time to Breakeven157 days1085 days
Summer 2007 Credit Crunch
  % Loss-43.5%-8.6%
  % Gain to Breakeven77.0%9.5%
  Time to Breakeven2 days47 days

Compare to AMGN, IBIO, FDMT

In The Past

Protalix BioTherapeutics's stock fell -41.6% during the 2025 US Tariff Shock. Such a loss loss requires a 71.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Protalix BioTherapeutics (PLX)

Protalix BioTherapeutics, Inc. is a biopharmaceutical company focused on the development and commercialization of recombinant therapeutic proteins. A key differentiator for Protalix is its proprietary ProCellEx plant cell-based protein expression system, which underpins the creation of its entire product pipeline and commercial offering. This innovative technology allows the company to develop advanced treatments for various diseases.

The company's commercialized product is Elelyso, an approved treatment specifically for Gaucher disease, a rare genetic disorder. Beyond Elelyso, Protalix has a significant product pipeline, including PRX-102, a therapeutic protein candidate in the late stages of clinical trials for the treatment of Fabry disease, another rare genetic condition. Other pipeline assets include PRX-110 for cystic fibrosis, PRX-115 for gout, and PRX-119 for NETs-related diseases.

Protalix primarily serves patients globally who suffer from rare genetic disorders like Gaucher and Fabry diseases, as well as those with chronic conditions such as cystic fibrosis and gout. Its market reach extends across the United States, Australia, Canada, Israel, Brazil, Russia, Turkey, and other international territories. The company leverages strategic partnerships with entities like Pfizer, Fundação Oswaldo Cruz (Fiocruz), and Chiesi Farmaceutici S.p.A. to advance its development programs and expand its commercial footprint.

AI Analysis | Feedback

1. An 'Impossible Foods for pharmaceuticals,' using plants to produce complex protein drugs for human diseases.

2. A biotech company like a specialized Amgen, but 'growing' its therapeutic proteins in plant cells rather than traditional bioreactors.

3. A modern Genzyme (now part of Sanofi), but one that uses a unique plant cell system to manufacture its rare disease treatments.

AI Analysis | Feedback

```html
  • Elelyso: A treatment for Gaucher disease.
  • PRX-102: A therapeutic protein candidate in late-stage clinical trials for the treatment of Fabry disease.
  • PRX-110: A proprietary plant cell recombinant form of human deoxyribonuclease I for the treatment of cystic fibrosis.
  • PRX-115: A plant cell-expressed recombinant PEGylated Uricase for the treatment of gout.
  • PRX-119: A plant cell-expressed PEGylated recombinant human DNase I product candidate for the treatment of NETs-related diseases.
```

AI Analysis | Feedback

Protalix BioTherapeutics (PLX) sells primarily to other companies and organizations through strategic agreements and partnerships for the development, commercialization, and distribution of its therapeutic proteins.

Its major customers/partners include:

  • Pfizer (Symbol: PFE)
  • Chiesi Farmaceutici S.p.A.
  • Fundação Oswaldo Cruz (Fiocruz)

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Protalix BioTherapeutics (PLX) has a management team with extensive experience in the pharmaceutical and biotechnology industries.

Dror Bashan

President and Chief Executive Officer Mr. Dror Bashan was appointed President and Chief Executive Officer and a Director of Protalix BioTherapeutics in June 2019. He brings over 25 years of experience in the pharmaceutical industry to his role. Prior to joining Protalix, Mr. Bashan held several senior positions at Teva Pharmaceutical Industries Ltd. from 1998 to 2018. His most recent role at Teva was Senior Vice President of Global Business Development, where he was involved in strategic alliances, mergers and acquisitions (M&A), and the acquisition and divestiture of assets. Notably, he oversaw Teva's largest divestiture process of global women's health assets in early 2018. Mr. Bashan began his career as a Senior Business Analyst at Bank Leumi in September 1993. He holds a Bachelor of Arts in Economics and Business Management and a Master of Business Administration in Finance and Marketing from Tel Aviv University.

Gilad Mamlok

Senior Vice President and Chief Financial Officer Mr. Gilad Mamlok serves as the Senior Vice President and Chief Financial Officer of Protalix BioTherapeutics. Specific details regarding his background, such as founding or managing other companies, selling companies to acquirers, or a pattern of managing private equity-backed companies, were not readily available in the provided information.

Einat Brill Almon, Ph.D.

Senior Vice President, Product Development Dr. Einat Brill Almon joined Protalix Ltd. in December 2004 as Vice President, Product Development, and continued in this role with Protalix BioTherapeutics after December 31, 2006. She possesses extensive experience in managing life science projects and companies within biotechnology and agrobiotech sectors. Her expertise spans clinical, device, and scientific software development, coupled with a strong background in Intellectual Property. Before her tenure at Protalix Ltd., from 2001 to 2004, Dr. Almon was the Director of R&D and IP at Biogenics Ltd., an Israeli company that developed an autologous platform for tissue-based protein drug delivery and was a wholly-owned subsidiary of Medgenics Inc. Dr. Almon trained as a biotechnology patent agent at prominent IP firms in Israel. She earned her Ph.D. and M.Sc. in molecular biology of cancer research from the Weizmann Institute of Science, a B.Sc. from the Hebrew University, and completed Post-Doctoral research in plant molecular biology at the Hebrew University.

Yaron Naos

Senior Vice President, Operations Mr. Yaron Naos holds the position of Senior Vice President of Operations at Protalix BioTherapeutics.

Fernando Sallés

Chief Business Officer Mr. Fernando Sallés serves as the Chief Business Officer for Protalix BioTherapeutics.

AI Analysis | Feedback

The key risks to Protalix BioTherapeutics (PLX) include:

  1. Clinical Development and Regulatory Approval Risk: A significant portion of Protalix's future growth and revenue potential depends on the successful completion of clinical trials and subsequent regulatory approvals for its pipeline products. Specifically, PRX-102, which is in the last stage of clinical trials for Fabry disease, represents a critical asset. Failure to demonstrate efficacy or safety, encountering unexpected side effects during trials, or inability to secure regulatory approvals would severely impact the company's ability to bring new products to market and generate substantial revenue.
  2. Commercialization and Market Competition Risk: Even if Protalix's pipeline products receive regulatory approval, there is no guarantee of successful commercialization or significant market acceptance. The company's commercialized product, Elelyso, and future products like PRX-102, operate in competitive markets for rare diseases. Risks include intense competition from existing therapies or other companies developing similar treatments, pricing pressures, challenges in securing market access and reimbursement, and difficulties in achieving widespread physician and patient adoption.
  3. Reliance on a Limited Product Pipeline: Protalix's future prospects are heavily dependent on the successful development and commercialization of a few key pipeline candidates, most notably PRX-102. While Elelyso is on the market, the company's long-term growth is tied to these developmental assets. Should these key candidates fail in trials, face significant delays, or underperform commercially, the company has a limited number of other late-stage products to mitigate the impact on its financial performance and strategic outlook.

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Protalix BioTherapeutics (PLX) develops and commercializes recombinant therapeutic proteins for various diseases. The addressable markets for their main products are outlined below:
  • Elelyso (Gaucher disease): The global market for Gaucher disease treatments was valued at approximately USD 1.66 billion in 2024 and is projected to reach USD 2.02 billion by 2032. Other estimates place the global market at USD 1.8 billion in 2024, with a projected growth to USD 3.0 billion by 2033. The U.S. market specifically for Gaucher disease drugs was valued at USD 645.7 million in 2024. North America is a dominant region in this market.
  • PRX-102 (Fabry disease): The global Fabry disease treatment market was estimated at USD 2.54 billion in 2023 and is projected to reach USD 4.93 billion by 2030. Other reports suggest the global market was approximately USD 1.7 billion in 2024, with expectations for significant growth through 2034, or USD 2.4 billion in 2024, potentially reaching USD 4.9 billion by 2033. In 2024, the United States market for Fabry disease therapeutics was estimated at around USD 880 million. North America held the largest revenue share, with the U.S. accounting for 90.1% of that share in 2023.
  • PRX-110 (Cystic Fibrosis): The global cystic fibrosis therapeutics market was estimated at USD 10.3 billion in 2024 and is projected to grow to USD 22.7 billion by 2030. Other analyses suggest a market size of USD 11.81 billion in 2025, increasing to USD 13.49 billion in 2026, with a projection to reach about USD 44.72 billion by 2035. North America held the largest revenue share of 59.8% in the global market in 2024.
  • PRX-115 (Gout): The global gout disease treatment market was valued at approximately USD 2.76 billion in 2023 and is predicted to reach about USD 5.53 billion by 2032. Another source indicates the market size is expected to be around USD 5.4 billion by 2032, growing from USD 2.4 billion in 2022. The Gout Therapeutics Market is projected to be USD 4.24 billion in 2025, reaching USD 6.67 billion by 2031. The U.S. gout therapeutics market was valued at USD 1.40 billion in 2024. North America is considered the most lucrative market, holding the largest market share of 39.4%.
  • PRX-119 (NETs-related diseases): The global Neuroendocrine Tumors (NETs) treatment market was valued at USD 2.45 billion in 2025 and is projected to grow to USD 4.12 billion by 2034. Other estimates indicate the market was valued at USD 3.57 billion in 2023 and is expected to reach USD 6.94 billion by 2030. The global neuroendocrine tumor (NET) treatment industry was valued at USD 2.5 billion in 2023 and is anticipated to reach USD 5.5 billion by 2032. North America dominated the NET treatment market in 2023 with a revenue of USD 1.1 billion, with projections to reach USD 2.3 billion by 2032.

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Protalix BioTherapeutics (PLX) is expected to experience future revenue growth over the next 2-3 years, driven by several key factors:

  1. Expanding Sales and Market Penetration of Elfabrio (PRX-102) for Fabry Disease: Elfabrio, approved by the FDA and EMA in May 2023, is a significant revenue contributor for Protalix. The product generated approximately $29.3 million in sales to partner Chiesi in fiscal year 2024, contributing to a 31% rise in product revenues that year due to inventory builds. For the first nine months of 2025, Elfabrio sales accounted for $18.6 million of the company's $43.1 million in product sales. A recent positive opinion from the European Medicines Agency's (EMA) Committee for Medicinal Products for Human Use (CHMP) recommending an every-four-weeks (E4W) dosing regimen for stable adult Fabry patients in Europe, with potential European Commission approval by March 2026, could enhance patient quality of life and strengthen Elfabrio's competitive standing in the market. Furthermore, Protalix is eligible to receive substantial regulatory and commercial milestone payments, as well as tiered royalties ranging from 15% to 40% on net sales from Chiesi for PRX-102 in the United States.

  2. Continued Growth in Elelyso Sales for Gaucher Disease: Elelyso, approved in 2012 for Gaucher disease, continues to be a steady revenue stream. Annual global sales for Elelyso range from $16 million to $23 million. In 2024, sales through partners Pfizer and Fiocruz increased by 3%. For the first nine months of 2025, Elelyso sales reached $24.6 million. The market for Elelyso is expected to grow due to factors such as advancements in recombinant biologics, expanded home infusion services, increasing diagnosis rates, and improved reimbursement frameworks.

  3. Advancement of PRX-115 for Gout into Phase 2 Clinical Trials: The progression of PRX-115, a proprietary plant cell-expressed recombinant PEGylated Uricase for gout, represents a potential future revenue driver. The company completed Phase I clinical trials in 2024. Protalix submitted an Investigational New Drug (IND) for PRX-115 in October 2025, which has since become effective, and plans to initiate a Phase II clinical trial for PRX-115 in the second half of 2025, with top-line results anticipated in the third quarter of 2027. Protalix's CEO has described PRX-115 as a potential "best-in-class therapy."

  4. Receipt of Milestone Payments and Royalties from Strategic Partnerships: Protalix stands to benefit from additional milestone payments and royalties stemming from its existing partnerships. The company previously received a $20 million regulatory milestone payment in fiscal year 2023 tied to the FDA approval of Elfabrio. There is also a potential $25 million milestone payment linked to the European Union approval of Elfabrio's new dosing regimen. The extensive partnership with Chiesi for PRX-102 also includes significant potential regulatory and commercial milestone payments and tiered royalties on net sales.

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Share Issuance

  • Protalix BioTherapeutics' shares outstanding increased by 15.89% in one year.
  • The company had 80.42 million shares outstanding in the last 12 months.

Inbound Investments

  • In 2023, Protalix BioTherapeutics recorded $25.1 million in revenues from license and R&D services, predominantly from its license and supply agreements with Chiesi Farmaceutici S.p.A., which included $20 million.

Capital Expenditures

  • Capital expenditures for the last 12 months amounted to approximately $1.66 million.
  • In the most recent quarter, capital expenditures totaled approximately $0.498 million.
  • These expenditures support the development, production, and commercialization of recombinant therapeutic proteins based on the company's proprietary ProCellEx plant cell-based protein expression system.

Better Bets vs. Protalix BioTherapeutics (PLX)

Peer Outperformance in Biotechnology

PLX has outperformed 90% of its 363 Biotechnology peers over 5Y. Among the peers that beat it are UTHR and AMGN. Biotechnology ranks 9th of 10 industries in Health Care by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Biotechnology constituents that PLX has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
67%
of 452 industry peers · 5.5% return
3Y
74%
of 398 industry peers · 66.2% return
5Y
90%
of 363 industry peers · 126.1% return
Biotechnology peers with revenue growth within 4pp of PLX's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
PLX Protalix BioTherapeutics 16.4% 10.6x 5.5%66.2%126.1% —
UTHR United Therapeutics 13.5% 19.6x 26.4%147.9%179.6% +54pp
AMGN Amgen 13.3% 26.5x 47.9%84.6%151.6% +25pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Health Care sector, ranked by 5Y. Biotechnology is PLX's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Health Care Distributors 6 7.6%56.6%93.6% CAH 498% · MCK 396% · COR 181%
Health Care Services 20 33.8%28.8%6.1% HIMS 189% · RDNT 125% · DGX 100%
Health Care Facilities 25 13.9%27.4%-1.4% THC 280% · NHC 210% · EHC 186%
Managed Health Care 8 47.9%1.6%-2.2% OSCR 95% · HQY 52% · ELV 10%
Health Care Equipment 50 11.0%17.8%-17.6% UFPT 355% · GKOS 286% · PLSE 127%
Pharmaceuticals 61 -12.9%10.6%-37.3% LQDA 977% · XERS 571% · KNSA 500%
Health Care Supplies 11 23.9%17.0%-40.1% LNTH 248% · HAE 66% · MMSI 29%
Life Sciences Tools & Services 108 -8.1%-18.9%-74.5% AXGN 255% · NTRA 214% · MEDP 181%
Biotechnology ← 364 -25.8%-36.1%-82.0% ELVN 1073% · TRVI 995% · DNTH 956%
Health Care Technology 21 -21.4%-50.4%-82.8% VEEV -3% · DOCS -51%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

Title
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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

PLXAMGNIBIOFDMTMedian
NameProtalix.Amgen iBio 4D Molec. 
Mkt Price2.51448.080.7311.266.88
Mkt Cap0.2242.40.10.80.5
Rev LTM8138,90309286
Op Inc LTM2312,610-30-197-3
FCF LTM89,581-24-156-8
FCF 3Y Avg09,134-19-138-10
CFO LTM1012,035-23-156-7
CFO 3Y Avg210,806-19-136-9

Growth & Margins

PLXAMGNIBIOFDMTMedian
NameProtalix.Amgen iBio 4D Molec. 
Rev Chg LTM30.1%8.2%-75.0%278,712.1%19.1%
Rev Chg 3Y Avg16.4%13.3%-93,132.5%16.4%
Rev Chg Q27.1%8.5%-100.0%25,106.7%17.8%
QoQ Delta Rev Chg LTM5.5%2.1%-66.7%4.3%3.2%
Op Inc Chg LTM183.1%45.4%-62.0%10.5%28.0%
Op Inc Chg 3Y Avg39.7%18.4%-10.2%-23.0%4.1%
Op Mgn LTM28.9%32.4%-30,138.0%-214.2%-92.7%
Op Mgn 3Y Avg1.1%25.2%-14,060.5%-222,839.3%-7,029.7%
QoQ Delta Op Mgn LTM3.0%2.4%-20,485.0%-10.8%-4.2%
CFO/Rev LTM12.3%30.9%-23,218.0%-169.6%-78.7%
CFO/Rev 3Y Avg0.5%29.9%-11,763.4%-168,266.6%-5,881.4%
FCF/Rev LTM9.5%24.6%-23,796.0%-169.6%-80.1%
FCF/Rev 3Y Avg-2.3%25.3%-11,957.3%-171,728.5%-5,979.8%

Valuation

PLXAMGNIBIOFDMTMedian
NameProtalix.Amgen iBio 4D Molec. 
Mkt Cap0.2242.40.10.80.5
P/S2.56.21,061.78.67.4
P/Op Inc8.619.2-3.5-4.02.5
P/EBIT8.117.7-3.2-4.02.5
P/E10.625.8-3.2-4.43.7
P/CFO20.220.1-4.6-5.17.8
Total Yield9.4%5.9%-31.1%-22.7%-8.4%
Dividend Yield0.0%2.2%0.0%0.0%0.0%
FCF Yield 3Y Avg-1.2%5.1%-83.6%-21.7%-11.5%
D/E0.00.20.00.00.0
Net D/E-0.20.2-0.8-0.4-0.3

Returns

PLXAMGNIBIOFDMTMedian
NameProtalix.Amgen iBio 4D Molec. 
1M Rtn-8.1%11.3%-30.4%-10.4%-9.2%
3M Rtn2.9%11.3%-47.4%6.7%4.8%
6M Rtn26.8%38.0%-55.5%13.4%20.1%
12M Rtn5.5%44.0%-49.3%7.1%6.3%
3Y Rtn66.2%79.7%-88.0%-2.1%32.1%
1M Excs Rtn-5.9%9.9%-26.2%-9.1%-7.5%
3M Excs Rtn2.9%10.5%-47.3%5.6%4.3%
6M Excs Rtn22.0%33.3%-60.3%8.6%15.3%
12M Excs Rtn-6.3%42.0%-65.8%-8.8%-7.5%
3Y Excs Rtn-33.0%10.6%-169.5%-78.6%-55.8%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Revenue from selling goods5253402517
Revenue from license and research and development (R&D) services10252222
Total5353654838


Price Behavior

Price Behavior
Market Price$2.51 
Market Cap ($ Bil)0.2 
First Trading Date05/15/1998 
Distance from 52W High-20.3% 
   50 Days200 Days
DMA Price$2.66$2.42
DMA Trendupup
Distance from DMA-5.6%3.5%
 3M1YR
Volatility46.3%54.4%
Downside Capture13.8092.91
Upside Capture70.0095.40
Correlation (S&P 500)12.9%24.6%
PLX Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta1.160.650.340.571.030.82
Up Beta-1.150.57-0.770.730.690.40
Down Beta1.051.691.070.611.960.95
Up Capture82%38%58%66%82%101%
Bmk +ve Days12182862130427
Stock +ve Days8193260121350
Down Capture161%30%12%27%87%102%
Bmk -ve Days10253664121325
Stock -ve Days11192554112340

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with PLX
PLX7.3%54.4%0.32-
Sector ETF (XLV)29.2%16.9%1.3319.9%
Equity (SPY)9.5%13.6%0.4127.1%
Gold (GLD)3.6%28.7%0.119.8%
Commodities (DBC)37.7%21.2%1.40-20.2%
Real Estate (VNQ)12.0%14.2%0.5517.9%
Bitcoin (BTCUSD)-20.8%43.3%-0.429.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with PLX
PLX18.0%66.5%0.53-
Sector ETF (XLV)8.6%15.4%0.3614.9%
Equity (SPY)11.3%17.3%0.4817.8%
Gold (GLD)17.5%19.1%0.748.0%
Commodities (DBC)8.0%19.6%0.291.0%
Real Estate (VNQ)1.2%18.9%-0.0516.2%
Bitcoin (BTCUSD)5.9%51.5%0.2914.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with PLX
PLX-6.3%79.1%0.27-
Sector ETF (XLV)12.2%16.8%0.6013.5%
Equity (SPY)14.9%18.0%0.7015.5%
Gold (GLD)12.0%16.5%0.595.1%
Commodities (DBC)7.6%18.1%0.334.9%
Real Estate (VNQ)5.7%20.7%0.2312.3%
Bitcoin (BTCUSD)61.3%66.2%1.018.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity3.5 Mil
Short Interest: % Change Since 930202615.4%
Average Daily Volume1.1 Mil
Days-to-Cover Short Interest3.3 days
Basic Shares Quantity80.0 Mil
Short % of Basic Shares4.4%

Earnings Returns History

Updated 9/15/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/12/20267.8%-3.7%12.3%
5/13/20261.0%-0.5%7.3%
3/18/2026-20.8%-25.8%-17.6%
11/13/2025-9.8%-17.3%-18.7%
8/14/2025-5.6%-2.5%12.4%
5/9/2025-40.5%-42.2%-46.7%
3/17/20259.4%11.2%17.0%
11/14/202413.7%36.3%45.2%
...
SUMMARY STATS   
# Positive111013
# Negative131411
Median Positive1.9%9.4%10.5%
Median Negative-9.8%-9.6%-17.6%
Max Positive14.5%48.6%45.2%
Max Negative-40.5%-42.2%-46.7%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/12/20267.8%-3.7%12.3%
5/13/20261.0%-0.5%7.3%
3/18/2026-20.8%-25.8%-17.6%
11/13/2025-9.8%-17.3%-18.7%
8/14/2025-5.6%-2.5%12.4%
5/9/2025-40.5%-42.2%-46.7%
3/17/20259.4%11.2%17.0%
11/14/202413.7%36.3%45.2%
8/14/2024-10.6%-8.6%1.9%
5/10/2024-12.0%-6.4%-4.8%
3/14/2024-9.9%-11.8%-22.4%
11/6/2023-18.4%-27.6%-16.2%
8/7/202314.5%15.7%14.5%
5/18/2023-9.3%-3.4%-8.9%
2/27/20232.7%12.6%15.4%
11/14/20221.9%1.9%7.6%
8/15/20221.2%-2.0%-13.9%
5/16/20220.9%7.5%0.9%
3/31/20221.0%48.6%10.5%
11/15/20210.9%-14.0%-26.3%
8/16/2021-1.5%0.0%-0.7%
5/14/2021-4.5%0.3%-22.0%
2/16/2021-3.1%5.5%1.0%
10/29/2020-5.6%-10.7%2.0%
SUMMARY STATS   
# Positive111013
# Negative131411
Median Positive1.9%9.4%10.5%
Median Negative-9.8%-9.6%-17.6%
Max Positive14.5%48.6%45.2%
Max Negative-40.5%-42.2%-46.7%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/12/202610-Q
03/31/202605/13/202610-Q
12/31/202503/18/202610-K
09/30/202511/13/202510-Q
06/30/202508/14/202510-Q
03/31/202505/09/202510-Q
12/31/202403/17/202510-K
09/30/202411/14/202410-Q
06/30/202408/14/202410-Q
03/31/202405/10/202410-Q
12/31/202303/14/202410-K
09/30/202311/06/202310-Q
06/30/202308/07/202310-Q
03/31/202305/04/202310-Q
12/31/202202/27/202310-K
09/30/202211/14/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/12/202610-Q
03/31/202605/13/202610-Q
12/31/202503/18/202610-K
09/30/202511/13/202510-Q
06/30/202508/14/202510-Q
03/31/202505/09/202510-Q
12/31/202403/17/202510-K
09/30/202411/14/202410-Q
06/30/202408/14/202410-Q
03/31/202405/10/202410-Q
12/31/202303/14/202410-K
09/30/202311/06/202310-Q
06/30/202308/07/202310-Q
03/31/202305/04/202310-Q
12/31/202202/27/202310-K
09/30/202211/14/202210-Q
06/30/202208/15/202210-Q
03/31/202205/16/202210-Q
12/31/202103/31/202210-K
09/30/202111/15/202110-Q
06/30/202108/16/202110-Q
03/31/202105/14/202110-Q
12/31/202003/30/202110-K
09/30/202010/29/202010-Q
06/30/202008/10/202010-Q
03/31/202006/01/202010-Q
12/31/201903/12/202010-K
09/30/201911/07/201910-Q

Recent Forward Guidance

Updated 11/2/2026

Latest: Q2 2026 Earnings Reported 8/12/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Total RevenueReported78.00 Mil80.50 Mil83.00 Mil0 AffirmedGuidance: 80.50 Mil for 2026
2026 Elfabrio RevenueReported33.00 Mil34.00 Mil35.00 Mil0 AffirmedGuidance: 34.00 Mil for 2026
2026 Elelyso RevenueReported20.00 Mil21.50 Mil23.00 Mil0 AffirmedGuidance: 21.50 Mil for 2026


Prior: Q1 2026 Earnings Reported 5/13/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Total RevenueReported78.00 Mil80.50 Mil83.00 Mil0 AffirmedGuidance: 80.50 Mil for 2026
2026 Elfabrio Revenue (excluding milestones)Reported33.00 Mil34.00 Mil35.00 Mil0 AffirmedGuidance: 34.00 Mil for 2026
2026 Elelyso RevenueReported20.00 Mil21.50 Mil23.00 Mil0 AffirmedGuidance: 21.50 Mil for 2026

Insider Activity

Updated 9/9/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Bashan, DrorPRESIDENT AND CEODirectBuy122320251.8156,000101,360341,214Form
2Bar-Shalev, AmosDirectSell111920251.87168  Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Bashan, DrorPRESIDENT AND CEODirectBuy122320251.8156,000101,360341,214Form
2Bar-Shalev, AmosDirectSell111920251.87168  Form

Investor Activity (13F)

Updated Nov 6, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Mak Capital One LLC$7.7 Mil1.3%21New13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Mak Capital One LLC$7.7 Mil1.3%21New13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Mak Capital One LLC$7.7 Mil1.3%21New13F
Core Cache Last Updated: 11/5/2026